UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):August 1, 2014
SELECT BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)
| North Carolina | 000-50400 | 20-0218264 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | | |
| 700 W. Cumberland Street, Dunn, North Carolina | 28334 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (910) 892-7080
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 2.02. | Results of Operations and Financial Condition. |
On August 1, 2014, Select Bancorp, Inc. (the “Registrant”) reported earnings for New Century Bancorp, Inc., for the quarter ended June 30, 2014. On July 25, 2014, New Century Bancorp acquired Select Bancorp, Inc. and assumed the name “Select Bancorp, Inc.” on that date. The financial data reported in the press release included herewith is solely the financial information of the former New Century Bancorp.
A copy of the press release (the “Press Release”) announcing New Century Bancorp’s results for the second quarter, including a table of selected financial information, is filed as Exhibit 99.1 hereto and incorporated by reference herein.
This information contained in Item 2.02 of this Current Report shall not be deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit No. | | Description |
| 99.1 | | Press release dated August 1, 2014, regarding New Century Bancorp’s financial results for the second quarter ended June 30, 2014. |
This Current Report on Form 8-K (including information included or incorporated by reference herein) may contain, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of Registrant’s goals and expectations with respect to earnings, income per share, revenue, expenses and the growth rate in such items, as well as other measures of economic performance, including statements relating to estimates of credit quality trends, and (ii) statements preceded by, followed by or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of Registrant’s management and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond Registrant’s control).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | SELECT BANCORP, INC. |
| | |
| | |
| Date: August 7, 2014 | By: | /s/ Lisa F. Campbell |
| | | Lisa F. Campbell
Executive Vice President and Chief Accounting Officer |
EXHIBIT INDEX
| EXHIBIT NO. | DESCRIPTION OF EXHIBIT |
| 99.1 | Press release, dated August 1, 2014, regarding New Century Bancorp’s financial results for the second quarter ended June 30, 2014. |
